2008 (12) TMI 649

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..... waiver of pre-deposit of tax of Rs. 3,24,00,000.00 (Rupees Three Crore Twenty Four Lakhs Eighty only) (sic) and penalties. 2. Heard both sides and perused the records. 3. The relevant facts of the case, in brief, are that the applicant was engaged in the business of real estate development and entered into contracts with various contractors for construction of residential and commercial compl .....

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..... filed by Revenue. He submits that the applicant had collected more amounts from the flat allottes then the contractor paid tax. He also submits that it is revealed from balance sheet that the applicant had assets of Rs. 107.00 crores approximately. 6. After hearing both the sides and on perusal of records, we find from written objection filed by Revenue that the applicant collected service tax f .....

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